Documente Academic
Documente Profesional
Documente Cultură
Operating Expenses
Administrative expenses
Salaries & Wages 960,000 972,000 980,000
Motor vehicle running expenses 395,000 415,000 425,000
General Office expenses 12,000 6,000 5,000
Telephone & Internet Expenses 8,100
### 8,100 8,100
Printing and Stationery 18,200 17,000 15,000
Security 72,000 72,000 72,000
Acount Fee 30,000 30,000 30,000
Secretarial Fee 45,000 10,000 10,000
Repairs & Maintainance 10,000 15,000 20,000
1,550,300 1,545,100 1,565,100
Establishment expenses
Licences and permits 81,700 81,700 81,700
Provision for Depreciation 681,500 544,063 719,325
Electricity & Water 432,000 432,000 420,000
1,195,200 1,057,763 1,221,025
Finance costs
Bank interest 470,000 250,000 60,000
Loan interest 240,000 185,000 155,000
Financial services 150,000 100,000 55,000
860,000 535,000 270,000
Distribution expenses
Advertising & Marketing 525,000 215,200 215,200
Sales Promotion 200,000 150,000 150,000
Travelling Costs 180,000 150,330 180,000
905,000 515,530 545,200
Total expenditure 4,510,500 3,653,393 3,601,325
Investing activities
Purchase of tangible fixed assets (6,540,000) (20,000) (1,225,000)
Preliminary Expenses (230,000) - -
Net cash used in investing activities (6,770,000) (20,000) (1,225,000)
Financing activities
Loan 3,200,000 (2,412,250) (787,750)
Partners Contributions 5,614,500 - -
Net cash used inflow from financing activities 8,814,500 (2,412,250) (787,750)
8
FOREVER YOUNG CASMPSITE
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31ST DECEMBER 2010
DEPRECIATION
Charge for the year - 91,000 480,000 47,500 63,000 681,500
As at 30 June 2010 - 91,000 480,000 47,500 63,000 681,500
DEPRECIATION
Balance b/d - 91,000 480,000 47,500 63,000 681,500
Charge for the year - 86,450 360,000 44,063 53,550 544,063
As at 30 June 2010 - 177,450 840,000 91,563 116,550 1,225,563
DEPRECIATION
Balance b/d - 177,450 840,000 91,563 116,550 1,225,563
Charge for the year - 82,128 520,000 41,680 75,518 719,325
As at 30 June 2010 - 259,578 1,360,000 133,242 192,068 1,944,887